PRICE ESCALATION VERIFICATION PROJECT - A CONSULTANTS’ REPORT

Authors

Tarun Kabiraj, Indian Statistical Institute

Files

Description

At the request of Coal India Limited (CIL) the “Price Escalation Verification Project” has been undertaken by a team of the Economic Research Unit, Indian Statistical Institute. The project examines the escalation clause associated with the price index formula to be used in contract agreements between CIL and Mine Developers.

The existing formulae for price escalation, both for open cast and underground coal mining, have been examined and certain modifications along with justification have been proposed. Using illustrative examples, it is found that the suggested escalation formulae have significant impact on the final prices.

Publication Date

11-16-2016

Publisher

Indian Statistical Institute

City

Kolkata

Keywords

Price escalation, Price verification

Disciplines

Econometrics | Economics | Finance | Political Economy

Recommended Citation

Kabiraj, Tarun, "PRICE ESCALATION VERIFICATION PROJECT - A CONSULTANTS’ REPORT" (2016). Monographs. 3.
https://digitalcommons.isical.ac.in/monographs/3